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NOTES
BRUNVOLL HOLDING AS / BRUNVOLL HOLDING GROUP
Note 6 – Specification of the basis for deferred tax/tax asset – Group
Temporary differences that affect tax payable
(Figures in NOK 1000)
Temporary differences related to:
31.12.2014
31.12.2015
Changes
Current assets
-7 416
-13 400
5 984
Non-current assets
14 106
10 575
3 530
Leasing agreements
-809
-604
-205
Deferred gains and losses
-1 228
-983
-246
Warranty and service provisions
-13 625
-7 775
-5 850
Pension assets (overfunding)
6 241
4 440
1 800
Allocation to pension liabilities
-2 050
-2 232
183
Other differences (AFP pension liabilities)
0
0
0
Tax loss carry-forward
-1 023
-59
-963
Total temporary differences
-5 803
-10 038
4 235
Carying amount of deferred tax assets
1 567
2 509
1 143
Deferred tax on excess value
On acquisition of the subsidiary Høvdingbygget Årø AS, an excess value of the purchase price over the book value, attributable
to the property, was calculated at TNOK 32 198. Deferred tax was calculated on this amounting to TNOK 2 254 (discounted to
present value 7%). The excess value is amortized over 50 years and deferred tax is reversed on a straight-line basis in line with the
amortization. The residual excess value at 31 December 2015 amounts to TNOK 30 588 and the remaining deferred tax on this
amounts to TNOK 2 141. Reversed tax on the residual value amounts to NOK 45 078 over the amortization period of 50 years.
Deferred tax on excess value has not been offset against deferred tax assets.
Note 7 – Tax on ordinary profit – parent company
Specification of tax base for the year:
(Figures in NOK 1000)
Profit before tax
51 322 597
+ Permanent differences
-27 588
+ Change in temporary differences
182 560
+ Received Group Contribution
50 000 000
- Applied loss carried-forward
913 224
= Basis for tax payable
46 554 451
Tax payable 27%
12 569 705
+/- Tax effect on Group Contribution given
- 1 350 000
Tax payable in the Balance Sheet
11 219 702
+/- Tax effect on Group Contribution given
1 350 000
+/- Change in deferred tax assets
197 279
+/- Estimation deviation due to changed tax percentage
50 248
= Ordinary tax expense in the income statement
-12 817 229
48
Annual Report 2015